BP, Oman Pen 1Bn cfd Khazzan Tight Gas Deal

BP and Oman’s Ministry of Oil and Gas are one step closer to beginning work on the $15bn development of the Khazzan-Makarem tight gas fields on Block 61 after reaching an agreement over the terms of the project. This comes as a boost to the sultanate which, despite overseeing a significant increase in its gas output over the past 10 years, is facing a gas feedstock shortage. Long-running negotiations between the...